Horizon Construction Dev IPO Trading - Subscription Rates Still Weak, Despite Cornerstone Support
Horizon Construction Development (1887128D HK) raised around US$210m in its Hong Kong IPO. In this note, we will talk about the trading dynamics...
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[Tencent Music (TME US) Target Price Change]: Cut TP as Offline Music Activities Begin to Thrive
As more offline entertainment activities resume after reopening, it would adversely impact both its online music and social entertainment segments....
406 Views
AUB Group Placement - Came as a Surprise but Strong Track Record Makes up for It
AUB Group is looking to raise up to AUD150m (US$100m) in its primary placement. In this note, we'll run the deal through our ECM framework and...
380 Views
TME: Online Music Drives Earnings; No Recovery in Sight for Social Entertainment Yet
1Q23 earnings were driven by online music services. Social entertainment biz's prospects remain bleak which still account for 50% of revenues. We...
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Growatt Technology Pre-IPO - Latest Thoughts on Valuation
Growatt Technology (1833969D CH) is looking to raise about US$400m in its upcoming Hong Kong IPO. In this note, we will provide our latest thoughts...
390 Views